oops, typo... that should read "and they aren't even sellers of that product" instead of "and they are even sellers of that product"
Try Googling for: Brightstar and HzO
This is the technology that will take this stock from zero to hero, BUT only if management figures out that they need to protect their interest in HzO and participates in all future financing (if any is needed). Zagg's 22% ownership of HzO is truly the Brightstar of their entire product line (and they are even sellers of that product). Someday soon it will allow for waterproof computers, waterproof cameras (that look and work exactly like current cameras but with the super high price take for water protection)... Car engines, plane engines, medical equipment and lots of stock will use nano tech to keep sensitive equipment safe from water... The military will have hundreds of new, lighter, waterproof tech to work with... The HzO technology is a Brightstar and it holds enormous potential for Zagg shareholders as long at management holds tight and waits for HzO to go public. I believe then they should issue shares to Zagg shareholders in the form of a special dividend but if they decide to hold it could be worth several times the current market cap of Zagg so regardless shareholders should do well... Unless management does something stupid, like selling Zagg shares back to Zagg... If that happens, I'll glad join anyone here in the next lawsuit against Zagg.
If they had taken a small percentage of that $7.51 and used it to put additional funds in HzO then shareholders here would have a lot more to look forward to. I'm pretty angry about the way they let their position fall in the last six months. Short sighted individuals should not be running companies.
Anyone who would let their investment in HzO fall from near 40% to near 20% is incompetent. The screen protector gig is nearing the end of its expected life cycle but the waterblock technology is just on the verge of taking off and when it does it will go well beyond cell phones and enter hundreds of markets that hales' tiny little mind has never considered... Be glad that the former CEO loaded up on HzO shares but be sad, very sad, that hales had done nothing to protect that interest ;..(
Help us HzO... You're our only hope!!! ROFL, even princess Leia couldn't get enough help to save this dog. Wolf Wolf... Maybe a little waterblock technology will but isn't that stuff is vaporware?
ilo, cashmoa and frog… It is time to take your diapers off and put your money where your mouth is. There’s plenty of demand at $1.62 and you seem to think they are fools. Go ahead, make their day, sell them all enough shares to satisfy their foolish desires. If you don’t have them then please go ahead and short them. Cries and lies aren’t going to make this stock go down. The intellectual property and cash on hand should keep them alive for at least another year. If you think otherwise you should start shorting the heck out of the stock. Go for it!
I’m guessing that we’re less than 30 days away from earnings and this time Eno might actually have something to report. The December announcements that both Mvera B5008 and the PVC Modifier I6001 are now shipping along with the announcement that Kenmare will be promoting their films in 2013 should lead to a few sales. This company isn’t all about announcing the sales numbers so I don’t expect any news until the CC but this time there may be something to announce.
I don’t really buy the momentum argument, instead I would expect some of the rise is due to a few of the shorts covering before earnings. The most recent numbers show that the number of shorts are up but so are the days to cover so the potential for a squeeze is growing too. That’s not a very comfortable position to be in if you’re sitting on a lot of gains and want to get out fast.
To be fair the short interest is 25% lower than a year ago this time but the days to cover is the seventh highest it’s been in the last 24 reporting periods. In other words, year over year the short interest is down significantly but the days to cover is up significantly.
IMHO, the chart shows a coiled spring waiting to bounce; if the bounce is to the upside then the short interest could lead to a short squeeze causing the stock to run an extra 25% to 100% above what the news might warrant. This is a good position to be in if you’re holding shares but not if you’re short.
I think that short interest makes no difference to the stock until we get a catalyst. The chart for the last two months shows a definite wait-n-see pattern with mostly robots and day traders making a few small trades to skim a few dollars both short and long. The chart could turn around with a little help from our friends but I suspect it will continue to sit in the current state of limbo until we get some real news. Unfortunately the next announcement will probably just notify investors that earnings are coming during the second or third week of March. I really don’t expect to hear much from Eno until the earnings conference call (following right after earnings). He’ll probably tell us that the integration is going well, samples are being made and sent out, hundreds of potential customers have been identified, some companies have approached him about teaming for development of bio based chemicals, the results of the various engineering and environmental tests are going smoothly and everything appears to be on schedule to begin production later this year… Same sort of nothing ambiguous press we've been getting for years.
This company has enough cash and time to execute a brilliant turnaround in 2013, but it is going to have to start by forming an actual agreement with Antibioticos, pinning down a few customers, taking a few orders and setting a few firm dates. The date information can get a company into a bit of trouble if execution errors get in the way so it is better to be conservative rather than let the market force their hand. Regardless we need to see progress sooner rather than later because a company that waits too long risks negotiating from a position of weakness as it runs low on cash.
Okay, don’t believe that we have shorts if you must, but I insist that from this point forward you pretend that you’re hearing the voice of Willie Garson (who plays Mozzie on the USA Network series White Collar :) If you don’t know who I’m talking about then I suggest you catch an episode on the internet some time (his character loves a good conspiracy theory).
“The black helicopters are real but they were repainted to look like Marine Helicopter One once the corporate execs started riding Harleys.”
“Over the past few years, high-speed or high-frequency trading — known as H.F.T. — was the biggest new thing to hit Wall Street trading, and in the minds of many, the most disruptive. On any given day, this lightning-quick, computer-driven form of trading accounts for half of all of the business transacted on the nation’s stock markets. Critics say H.F.T. has contributed to the hair-raising flash crashes and computer hiccups that seem to roil the markets with alarming frequency. H.F.T. first became a significant part of the Wall Street scene in the 1980s, when it was blamed for exacerbating the market plunges in October 1987. Since then, the computers involved have grown vastly more powerful and the algorithms that guide their trading vastly more sophisticated. For years, H.F.T. firms have operated in the shadows, often far from Wall Street, trading stocks at warp speed and reaping billions while criticism rose that they were damaging markets and hurting ordinary investors. More recently, they have been stepping into the light to buff their image with regulators, the public and other investors.”
“If you could make 10% within a week by manipulating a penny stock would you do it? What if I told you it was a simple matter of mass blogging a few message boards and dropping a few hundred dollars at the end of each day? Better yet, what if I told you that a computer could control the end of day action so all you’d have to do is spread a few half truths that no one can easily prove right or wrong? Sleazy yes, illegal maybe, but would you do it if you could help earn $70k in one week”
Crayola, how often do you trade and how often do you watch level two quotes on the stocks that you own? My answer is “several hours each day”. I’ve seen things that I know aren’t right and there are only two logical answers: shorts & computers. I’ve also seen plenty of activity that looks very legit. IMHO, the last few days weren’t controlled by shorts; instead it appeared as if someone was selling their position and found plenty of buyers within a 15 cent range of where they started… Once the position was closed an efficient market took over and brought the price back up to $1.52.
FYI, I’ve seen computers at work on Metabolix most noticeably when I’ve tried to make purchases (or sales) of more than a few thousand shares. In the case of my purchases, more than once I’ve seen an offer on the table that was more than big enough to satisfy my request and more than once I’ve seen the price rise by one to two cents within a fraction of a second after my order was submitted. LOL, and here’s the real #$%$ off, I’m almost always given 100 shares of my request before the price rises. It’s an interesting position to be in, you’ve just paid a commission for a small fraction of what you want, somehow the price is running so you wonder if you should chase it or wait (yours are the only trades showing on level2) and there’s no guarantee that the order will be completely filled unless you raise your bid by more than a cent.
“Ever wonder how your broker can give you such a great discount on all your trades? The computers that work the market every day make millions (billions over the long run) for their masters by simply twiddling a few cents here and there while everyone else is helpless to prevent it.”
Regarding our shorts, the most recent shorting activity that I’ve seen here involved a rapid drop from $1.60 to just below $1.50… It began with lots of new ids showing up on this board, it appeared to be in concert with some of the dumpsters that are always here and it ended after one of them claimed to be done (after collecting his profit). IMHO, that appeared to be a much smaller group of shorts, the type that will skim what they can in a week and move on…Last year we had a much larger and more organized effort that moved the stock price from $2.10 to $1.07 and was partially thwarted when insiders began buying shares. Those shorts methodically created a down trend by dumping small blocks of shares into the close; similar to the example that anatasia pointed out yesterday. It is possible to destroy a stock by simply changing its trend and the shorts who were at work last year were creating a trend with the intent of getting MBLX delisted. Why? Because there are over three million shares shorted here hence there are over three million reasons to do so.
Bring back the black helicopters and bring on the drones
The longs here are ready for them!
The shorts are now making their second attempt to drive shares below a dollar (the first started in early October). Last week they started an internet trash campaign to try to scare away new investors. It also appears as if they may have restarted their end day effort to close lower each day… Watching the end of the day activity someone worked fairly aggressively to guarantee that it would close down.
Eno, you have a bad case of the shorts, they are working and manipulating everything they can and even your top supporters (here and elsewhere) are growing weary and silent. If you want to put an end once and for all to this you need to give us some real news. I realize that in the past you’ve saved news to go hand in hand with earnings but this is a new year and the shorts are making a concerted effort to drive your stock down in hopes of getting it delisted. If you have news about a new partnership then please don’t save it until earnings. If you have news about progress with Antibioticos then please consider sharing that ASAP and don’t save it until earnings. If you have a commitment for production of C4 chemicals then please share that. Anything you can share that will help prove the shorts are wrong and help support investors would be appreciated. The shorts are counting on a late quarter earnings report and nearly two months of time to continue their pressure on this stock. As one of many investors who would like a little support I’d like to encourage you to speed things up and share whatever you can as soon as possible.
Rumors have it that a bigger bid is coming; perhaps even $4.50 or $5.00
Of course, I'm the one starting that rumor but one can have hope, right?
Here's to $4.50 and Beyond!!!
May all your dreams come true...
Mine were Jan options bought after reading some of your posts on DNDN... Currently up 162% (thank you very much)... Clearly you're doing pretty well too.
MBLX is priced like options without an expiration date and I expect new investors will see a lot more than 162% if they purchase here and give it some time.
Good luck on both DNDN and MBLX !!!
2013 should be a very good year
Sentiment: Strong Buy
BobMoit, they have multiple very interesting products. If you are worried about it then please don’t trust me; do your homework. Here’s a start; Goggle for “Metabolix and PVC”. Then read as much as possible and make up your own mind. Someone at Metabolix recently mentioned that they have over 50 customers and I believe that was before they introduced their PHA based formula for a stronger better quality of PVC.
c.m. I like your price target but hope you’re prepared to hold for a few years if your target is really $20. Their first step is to start manufacturing and shipping of Mirel and related products (including their new PVC additives). That should happen next year and I expect that it will put them back into the five to ten dollar range. The second step is to purchase and install equipment to begin production of C4 and then C3 biochemicals. I suspect that won’t happen until late next year or early the following year but once it does we’ll probably see them in the ten to fifteen dollar range. Twenty may come as their customer base builds or we may be waiting until their biofuel business gets under way (probably three to five years from now)… Of course, if someone buys them then we may never see them hit the twenties again; there are a lot of companies looking for ways to utilize cash before the end of this year and Metabolix is a very good acquisition target. They are still cash rich, they have hundreds of patents and they have extremely interesting technology that could be used right away by anyone with pockets deep enough to make the purchase. If that happen then we may only see a minor multiple instead of the multi digit multiple that you’re looking for.